oldorder wrote:Put $150 in each of the three through coinbase, if I get $450 in interest I'll pull that out and leave the initial investment in and go from there.

My bank canceled all the transactions, redid them and only one went through. Got two calls from my bank for possible fraud and now the app says I've done too many transaction requests in one day. Off to a good start.

oldorder wrote:Put $150 in each of the three through coinbase, if I get $450 in interest I'll pull that out and leave the initial investment in and go from there.

My bank canceled all the transactions, redid them and only one went through. Got two calls from my bank for possible fraud and now the app says I've done too many transaction requests in one day. Off to a good start.

This happened to me yesterday. Wells Fargo flagged my purchases and I had to call and authorize them. I switched my Coinbase payment from my card to direct debit and it seems to be working although I hate that it adds a waiting period. I went in for some more ETH today after I saw how much mine jumped in the past 24 hours.

oldorder wrote:Put $150 in each of the three through coinbase, if I get $450 in interest I'll pull that out and leave the initial investment in and go from there.

My bank canceled all the transactions, redid them and only one went through. Got two calls from my bank for possible fraud and now the app says I've done too many transaction requests in one day. Off to a good start.

This happened to me yesterday. Wells Fargo flagged my purchases and I had to call and authorize them. I switched my Coinbase payment from my card to direct debit and it seems to be working although I hate that it adds a waiting period. I went in for some more ETH today after I saw how much mine jumped in the past 24 hours.

I know a couple people who had an issue linking their bank accounts to Coinbase. It might depend on the bank you use. I have Keybank and I didn't have an issue, but that was back in the Spring so Coinbase may have a different process or security features now.

oldorder wrote:Put $150 in each of the three through coinbase, if I get $450 in interest I'll pull that out and leave the initial investment in and go from there.

My bank canceled all the transactions, redid them and only one went through. Got two calls from my bank for possible fraud and now the app says I've done too many transaction requests in one day. Off to a good start.

This happened to me yesterday. Wells Fargo flagged my purchases and I had to call and authorize them. I switched my Coinbase payment from my card to direct debit and it seems to be working although I hate that it adds a waiting period. I went in for some more ETH today after I saw how much mine jumped in the past 24 hours.

I know a couple people who had an issue linking their bank accounts to Coinbase. It might depend on the bank you use. I have Keybank and I didn't have an issue, but that was back in the Spring so Coinbase may have a different process or security features now.

Wells Fargo rep said they've had a lot of fraud associated with the app. My prepper brother in laws take was "Banks really hate cypto. Could put them out of business."

You can either sell and just store it on coinbase as cash if you're planning to reinvest or you can withdraw it right to your bank account. It might be different with larger amounts but I've done it a couple times with transactions between $500-$3,000.

New all time highs for BTC and LTC today. It's been an amazing week for crytpo in general. I remember when it was a huge deal that the market cap for all of crytpo passed 100 billion. Now it's almost 275.

I keep everything in my coinbase wallet and I have it set up so they text me to confirm any transactions. They're insured in the event there's a data breach on their end, so you really just have to worry about making sure your personal account is secure.

I've never used a hardware wallet but i've heard good things and you can never be too safe.

Just talked to a buddy of mine who's been trading crypto for several years. He told me to buy up LTC right now because he thinks it will hit $1-1.5k by the end of next year. Says he expects 2018 to be a huge year for cryptocurrencies in general but LTC is the one we stand to make the most profit on.

I want to wait and see if it dips again before I grab some more. It looks like it's about to break $100 but I've read some opinions that it dips back to like $60 before it will really go crazy.

Nah I only got to talk to him for just a couple of minutes today but I will report back if he has any other thoughts to share. I actually started off asking him about ETH and he just said "Buy LTC all day long."

I have been reading some on /r/ethtrader and those dudes are very optimistic that ETH is headed for a big December and a huge 2018.

There's a bitcoin ATM in a random, sketchy gas station in Nashville. It's the only one I've ever seen. I wonder why it's there. What kind of clientele would be using a bitcoin ATM? Someone shed some light.

Have been putting off investing in ETH and BTC for literal years. Every time I've gone to buy I see that it just went up and get discouraged and back out. Just looked on Coinbase to see LTC jumped an insane amount this week and got discouraged again despite knowing damn well if I would have bit the bullet and bought into BTC ~4 years ago when I was originally going to I'd be living large...

Bitcoin made it to 10k. I don't own any so I don't have a vested interest besides the overall impact it could have on crytpo which would hopefully trickle down to Eth, but it's insane.

It's fascinating that there were people who called this two years ago and everybody laughed and forgot about it. Now there are people saying it'll be 100k someday and it still seems impossible, even though we just saw those same 10x gains in the last year.

This is a super dumbed down question, but keep in mind I'm an idiot with not only money, but investing in general. Do the same general rules apply to crpytocurrency that would with a regular stock? Basically, you try to buy low and then sit on them until you think they're as high as they're going to get? Or is their something else at play since they're currency?

There is no way in hell the growth its showing is sustainable. At a time when internet security is at an all time low, i refuse to believe that a currency which is 1. unregulated by any government in the world and is worth hundreds of billions of dollars will not fall prey to hackers. These are the same people who made off with half of the American population's credit information, you think bitcoin is out of their reach? And security is NOT impossible. Its completely intangible, its not like gold which you can lock up somewhere. Especially considering the capital investment / trader firms buying up bitcoins' networks are actually trash. This isn't exactly the NSA we're talking about. Hackers are just waiting for bitcoin growth to stabilize and then they're going to carry off tons of it.

as far as i know bitcoin itself is pretty impossible to hack. its open source so the code is right there and its always being evaluated for flaws. but the exchanges that trade and sell bitcoin like coinbase and gdax can definitely be hacked to obtain user data and then sending all the bitcoin to one specific address. which is why its preferred to keep your bitcoin separated amongst different wallets or taking it conpletely offline into a hardware wallet.

people who have thousands worth usually keep it offline in a hardware wallet which as far as i know cant be hacked

There is no way in hell the growth its showing is sustainable. At a time when internet security is at an all time low, i refuse to believe that a currency which is 1. unregulated by any government in the world and is worth hundreds of billions of dollars will not fall prey to hackers. These are the same people who made off with half of the American population's credit information, you think bitcoin is out of their reach? And security is NOT impossible. Its completely intangible, its not like gold which you can lock up somewhere. Especially considering the capital investment / trader firms buying up bitcoins' networks are actually trash. This isn't exactly the NSA we're talking about. Hackers are just waiting for bitcoin growth to stabilize and then they're going to carry off tons of it.

It's gonna be really interesting to see if BTC hits a wall at 10k, or if all the publicity and interest it's gonna generate will carry it higher. It's definitely a super risky short sell right now.

redstarohyeah wrote:This is a super dumbed down question, but keep in mind I'm an idiot with not only money, but investing in general. Do the same general rules apply to crpytocurrency that would with a regular stock? Basically, you try to buy low and then sit on them until you think they're as high as they're going to get? Or is their something else at play since they're currency?

pretty much but with crypto you have no idea whats the low and if itll ever drop down and if it does drop down how low itll go. my cousin wanted to buy at 5k which was the all time high atm and i told him wait for a drop. it dropped once since then and that was to 5k then a week later jumped to 10k

vomitponx wrote:as far as i know bitcoin itself is pretty impossible to hack. its open source so the code is right there and its always being evaluated for flaws. but the exchanges that trade and sell bitcoin like coinbase and gdax can definitely be hacked to obtain user data and then sending all the bitcoin to one specific address. which is why its preferred to keep your bitcoin separated amongst different wallets or taking it conpletely offline into a hardware wallet.

people who have thousands worth usually keep it offline in a hardware wallet which as far as i know cant be hacked

Coinbase is insured (up to a certain amount) in case of a breach like that. Obviously it's still smart to utilize a hardware wallet, but the only way you're gonna lose your coins on CB is if someone hacks your personal account.

There is no way in hell the growth its showing is sustainable. At a time when internet security is at an all time low, i refuse to believe that a currency which is 1. unregulated by any government in the world and is worth hundreds of billions of dollars will not fall prey to hackers. These are the same people who made off with half of the American population's credit information, you think bitcoin is out of their reach? And security is NOT impossible. Its completely intangible, its not like gold which you can lock up somewhere. Especially considering the capital investment / trader firms buying up bitcoins' networks are actually trash. This isn't exactly the NSA we're talking about. Hackers are just waiting for bitcoin growth to stabilize and then they're going to carry off tons of it.

It's gonna be really interesting to see if BTC hits a wall at 10k, or if all the publicity and interest it's gonna generate will carry it higher. It's definitely a super risky short sell right now.

I think that attitude is why a lot of people were afraid to invest early on and probably still. It's a rational fear, but there are plenty of ways to keep your coins as safe as possible.

My plan is to wait for it to plateau with price variability around +/- 5% for one quarter then short. Once, the price evens out, it will be the best time to make off with it. There's no reason hackers would fuck up their own bottom line by crashing the price before maximizing it.

I bought 3 LTCs and 0.5 ETH just for shits and giggles. LTC was $92.33 when I bought, dropped to $88 within a hour, so I was already preparing the noose. Luckily its *currently* $94.90 so I guess I'll go buy a Porsche.

There is no way in hell the growth its showing is sustainable. At a time when internet security is at an all time low, i refuse to believe that a currency which is 1. unregulated by any government in the world and is worth hundreds of billions of dollars will not fall prey to hackers. These are the same people who made off with half of the American population's credit information, you think bitcoin is out of their reach? And security is NOT impossible. Its completely intangible, its not like gold which you can lock up somewhere. Especially considering the capital investment / trader firms buying up bitcoins' networks are actually trash. This isn't exactly the NSA we're talking about. Hackers are just waiting for bitcoin growth to stabilize and then they're going to carry off tons of it.

It's gonna be really interesting to see if BTC hits a wall at 10k, or if all the publicity and interest it's gonna generate will carry it higher. It's definitely a super risky short sell right now.

I think that attitude is why a lot of people were afraid to invest early on and probably still. It's a rational fear, but there are plenty of ways to keep your coins as safe as possible.

My plan is to wait for it to plateau with price variability around +/- 5% for one quarter then short. Once, the price evens out, it will be the best time to make off with it. There's no reason hackers would fuck up their own bottom line by crashing the price before maximizing it.

Genuinely curious how much you're willing to pay to short it. A short is some baller hedge fund manager shit. And with the repeated hacks that have already happened and it's continued growth you have to wonder how much it would take to completely collapse it.